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eCOA, eSource And Clinical Trials Market Size, Share, Top Key Players, Impacting Factors, Regional Outlook And Forecast To 2033
eCOA, eSource And Clinical Trials Market Overview
As per the report, the ecoa, esource & clinical trials market size has grown strongly in recent years. It will grow from $44.85 billion in 2023 to $48.94 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The ecoa, esource & clinical trials market size is expected to see strong growth in the next few years. It will grow to $67.33 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%.
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Rising Demand For Clinical Trials Propels Growth Of Ecoa, Esource, And Clinical Trials Market
The growing demand for more clinical trials is expected to propel the growth of the eCOA, eSource and clinical trials market. Clinical trials refer to research studies conducted to evaluate the safety, efficacy, and effectiveness of new medical interventions or treatment approaches. The use of eSource and eCOA solutions helps pharmaceutical companies speed up trials and conduct more trials in less time. eCOA solutions replace traditional paper-based, patient-reported outcomes by using innovative technologies to collect clinical outcome data. For instance, in June 2023, according to a report published on ClinicalTrials.gov, a US-based registry of clinical trials run by the United States National Library of Medicine, the number of registered studies will be 457,100 in 2023, representing a significant increase from 362,479 in 2020. Therefore, the growing demand for more clinical trials is driving the growth of the eCOA, eSource and clinical trials market.
Technological Innovation Transforms The Ecoa, Esource, And Clinical Trials Market
Technological advancements are a key trend gaining popularity in the eCOA, eSource and clinical trials market. Major companies operating in the eCOA, eSource, and clinical trials markets are focused on introducing innovative technologies to sustain their position in the market. For instance, in May 2022, Clinical Research IO, a US-based eSource solutions developer, launched CRIO Reviewer, an industry-first solution designed to create a fully integrated eSource or EDC (electronic data capture) system. This solution helps users review and code the data that is collected by the CRIO eSource application. It leverages CRIO's web-based resource technology to optimize site workflows in clinical data management. It is a user-friendly web-based technology that was the first commercial system to be designed for site processes, making it easier for sites to embrace real-time electronic data gathering.
The ecoa, esource and clinical trials market covered in this report is segmented -
1) By Solution Type: eCOA (Electronic Clinical Outcome Assessment), eSource, Clinical Trial Solutions, Electronic Data Capture (EDC)
2) By Deployment: Licensed Enterprise (On-premise), Cloud-Based (SaaS)
3) By End User: Hospital, Healthcare Providers, CROs, Pharmaceutical Industry, Biotechnology Industry, Medical Device Industry, Other End Users
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Major companies operating in the ecoa, esource and clinical trials market report are The International Business Machines Corporation, Oracle Corporation, Novo Nordisk A/S, Laboratory Corporation of America Holdings, IQVIA Inc., Icon PLC, PPD Inc., Syneos Health Inc, Parexel International Corporation, Medpace Holdings Inc., TransPerfect Life Sciences, Medidata Solutions Inc., Signant Health Private Limited, Clario, Advarra Inc., Medable Inc., ArisGlobal LLC, Kayentis SAS, YPrime LLC, Clinical Ink, Cloudbyz Inc., Medrio Inc., assisTek Inc., OpenClinica LLC, Castor EDC, Clinipace Inc, Hospira Inc.
Contents of the report:
1. Executive Summary
2. eCOA, eSource And Clinical Trials Market Report Structure
3. eCOA, eSource And Clinical Trials Market Trends And Strategies
4. eCOA, eSource And Clinical Trials Market - Macro Economic Scenario
5. eCOA, eSource And Clinical Trials Market Size And Growth
…..
27. eCOA, eSource And Clinical Trials Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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